20.09.2025 00:29
Drawing attention to a significant advancement in the cryptocurrency investment landscape, Stuart Alderoty, Chief Legal Officer at Ripple, voiced his support for recent developments concerning crypto Exchange Traded Funds (ETFs). His remarks, reported by various internet sources, were in response to the National Cryptocurrency Association's announcement regarding the Securities and Exchange Commission's (SEC) endorsement of streamlined regulations for listing crypto ETFs.
These newly approved guidelines, as indicated by reports from internet sources, allow stock exchanges such as the Nasdaq and NYSE to adhere to a standardized framework instead of individually registering each ETF. This shift is expected to facilitate wider accessibility to cryptocurrency investments through conventional investment vehicles. Alderoty emphasized that these updated listing standards represent a crucial step in integrating crypto ETFs into mainstream financial markets.
Furthermore, according to internet sources, Alderoty believes that this regulatory clarity not only constitutes sound policy but also fosters greater trust among American investors. This news coincides with the launch of the first XRP spot ETF in the United States, and the SEC’s approval of the Grayscale Digital Large Cap Fund (GDLC). In a related development, digital asset manager Rex Osprey introduced XRPR and DOJE, pioneering ETFs providing exposure to spot XRP and Dogecoin within the U.S. market.
Initial trading figures for XRPR have been promising, with internet sources reporting a substantial $37.7 million in trading volume on its debut. Bloomberg analyst Eric Balchunas noted that this exceeded the first-day volume of any ETF launch in 2024. Rex XRP ETF achieved $24 million in volume within 90 minutes, five times greater than any of the XRP futures ETFs saw on their first day, indicating strong investor interest. Internet sources suggest that the SEC's approval of generic listing standards, contingent on the presence of futures on Coinbase, could pave the way for the launch of additional spot crypto ETFs under the '33 Act, potentially encompassing a range of approximately 12-15 different cryptocurrencies.
